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MacroBusiness Tuesday, August 27, 2024 - 09:30 Source

Qingdao iron ore was up 1.3% to 93.06 yesterday. SHFE and SGX rallied: As did Dalian, however, there is still no profitability for steel mills. Nothing has improved for the ferrous complex. A wider commodity rally on the back of an easing Fed and falling DXY is helping. But this crisis is much larger than

The post Iron ore rally defeats itself appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 27, 2024 - 09:00 Source

Overnight saw a retracement of Friday night’s ebullient and anti-USD moves with the latest US durable goods order print putting in a mixed result. Wall Street was up initially but stumbled on tech earnings while European shares were largely unchanged. The USD has seen a rebound which is more like a reversion to mean with

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Tuesday, August 27, 2024 - 08:59 Source
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The Australian Independent Media Network Tuesday, August 27, 2024 - 07:38 Source

ActionAid Media Release Nuku’alofa, TONGA – At least US$1 trillion is needed to support low-income countries bearing the brunt of the climate crisis, according to a new report – Seizing the Moment: A New Climate Finance Goal That Delivers for the Pacific. The report’s release by a coalition of NGOs coincides with the attendance of…

The post NGOs urge Australia to back $1 trillion climate finance goal appeared first on The AIM Network.

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MacroBusiness Tuesday, August 27, 2024 - 07:00 Source

Deloitte’s latest employment forecasts report says that Australia’s economy “is at a critical juncture” following two years of rate hikes from the RBA. Deloitte noted that the economy is “stagnating and growing at its slowest rate (outside of the pandemic) since the early 1990s recession”, which is “finally bleeding through to the labour market”. Most

The post Private sector hiring freeze screams “recession” appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 27, 2024 - 06:53 Source

DXY firmed last night: AUD softened: North Asia too: The warmongers of the European fringe lifted oil: Metals mostly eased: Miners up: EM down: Junk has cooled its jets: Yields firmed: Stocks eased: BofA sums my views pretty well: AUD: rates tailwind… We continue to see the AUD gradually higher over the next few quarters

The post Australian dollar hit by warmongers of Europe appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, August 27, 2024 - 05:53 Source

It began as a devastating, confined storm off the coast of Sicily, striking the luxury yacht Bayesian in the form of a devastating water column resembling a tornado. Probability was inherent in the name (Thomas Bayes, mathematician and nonconformist theologian of the 18th century, had been the first to use probability inductively) and improbability the…

The post Mike Lynch, Probability and the Cyber Industrial Complex appeared first on The AIM Network.

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Your Democracy Tuesday, August 27, 2024 - 04:11 Source

Donald or Kamala, the AMERICAN EMPIRE domestic agenda is fuelled by two premises: EXTERNAL FOREVER WARS (even by proxy) and a HUGE non-serviceable DEFICIT. I say "non-serviceable" because the only way AMERICA can pay back the interest on the GOVERNMENT "borrowings" is by printing more DEFICIT cash.

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Your Democracy Tuesday, August 27, 2024 - 03:26 Source

According to GUS's rapporter, during the interview of David Baddiel by Simon Longstaff — at the "Sydney Festival of Dangerous Idea"  — Simon asked about the "Ukrainians under the bombs praying to God...". Simon did not mention where the bombs came from. David did not bite and went on merrily making jokes about his Rabbi being an atheist. As well, he said, every "believers" as such is a God-Chosen People, a concept which is is not exclusive to the JEWS...

 

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MacroBusiness Tuesday, August 27, 2024 - 00:10 Source

Australia’s governments have conducted various housing affordability inquiries over the years, including but not limited to: Menzies Research Centre: Prime Ministerial Taskforce on Home Ownership 2003; The Productivity Commission’s First Home Ownership Report in 2004; A Good House is Hard to Find Report from the Senate Select Committee on Housing Affordability in Australia in 2008;

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George Monbiot Friday, August 23, 2024 - 17:38 Source

The livestock industry is furiously lobbying to shut down alternatives, and tame politicians are giving it what it wants.

By George Monbiot, published in the Guardian  22nd August 2024

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George Monbiot Friday, August 23, 2024 - 00:46 Source

Why are peaceful protesters getting longer sentences than violent rioters?

By George Monbiot, published in the Guardian  14th August 2024

A functioning society depends on equality before the law. If crimes are not treated equally and dispassionately by the justice system, we lose trust in democracy and each other. But as sentences begin to be passed on racists who rioted earlier this month, we see once again a blatantly unequal application of the law.

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THE BLOT REPORT Tuesday, August 13, 2024 - 16:32 Source

Some time ago, I wrote a piece in support of Trove, which was in danger of not being funded properly to guarantee its continuation. In that article, I related a story from my family history, about a policeman uncle of mine who was shot while attempting to make an arrest1. This is another one from the past, and refers to the grandparents of the aforementioned policeman. On December 9th, 1905, in the local newspaper, the Wingham Chronicle and Manning River Observer in New South Wales was an article which went as follows:

Presentation to Mr. and Mrs. Donald Cameron

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THE BLOT REPORT Monday, August 5, 2024 - 11:16 Source
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THE BLOT REPORT Friday, August 2, 2024 - 14:53 Source

The host of the Australian Broadcasting Commission’s Insiders show, David Speers apparently referred to Kamala Harris, the Democratic Party’s likely nominee for President of the US in the upcoming election, as a ‘woman of colour’1. You’d think that a supposedly professional journalist would eschew such idiocy. Calling anyone a ‘person of colour’ is simply a way of stating they are non-white. I gather that Kamala Harris has referred to herself as a ‘woman of colour’. I haven’t actually heard this, but I’d suggest that it shows how deep this ‘non-white’ terminology and its accompanying racism goes.

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THE BLOT REPORT Wednesday, July 31, 2024 - 14:21 Source
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THE BLOT REPORT Monday, July 29, 2024 - 14:25 Source
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Friday, July 26, 2024 - 12:00
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